Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

Sonatrach will boost discoveries to reach 100 million tonnes of oil equivalent per year.

India has asked Saudi Arabia for assurances that oil prices will remain stable and moderate.

Concerns raised by the United States that oil prices were too high also made the exporting group start internal discussions.

OPEC and allied oil producers including Russia are discussing new ways of measuring global crude stockpiles.

Middle East oil producers and Russia have forged closer ties since striking a deal to cut global crude output in a bid to remove a glut in supplies.

Barkindo took over as Secretary General of OPEC in August 2016.

The United States is actively considering oil sanctions on Venezuela.

Pradhan has concern about rising prices and its negative impact on consumers and the Indian economy.

OPEC’s own production was up slightly in April by about 12.000 barrels a day to 31.93 million bpd.

U.S. President decision to quit a multinational nuclear deal would not affect Tehran’s oil exports if the EU could salvage the pact.